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Shamrock Company sells 10% bonds having a maturity value of $5,600,000 for $6,543,569. The bonds are dated January 1, 2020, and mature January 1,
Shamrock Company sells 10% bonds having a maturity value of $5,600,000 for $6,543,569. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Set up a schedule of interest expense and premium amortization under the straight-line method. (Round answers to O decimal places, e.g. 38,548.) Interest Schedule of Premium Amortization Straight-Line Method Interest Year Payable Expense Jan. 1, 2020 $ $ Dec. 31, 2020 Dec. 31, 2021 Dec. 31, 2022 Dec. 31, 2023 Dec. 31, 2024 Premium Amortized GA Carrying Amount of B
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